Long Established Petrol & Motorcycle Retailer For Sale St Helier, Jersey, Channel Islands, United Kingdom Advert ref: 226 Business description
Long established with excellent reputation for quality and service. Sole Jersey franchisee for Honda Motorcycles, the international brand leader. Volume retailer of Shell petroleum products. Superbly located premises in central St Helier. Purpose built and fully equipped. Jersey has no Corporation Tax, (1/1/2008), Capital Gains Tax or Inheritance Tax, and has a dynamic economy with a safe environment. Price includes net assets of £69,500.
Years established: 36 years
Employees: Five
Property: Leasehold
Lease terms
Nine years with five remaining. Three year rent reviews linked to Jersey RPI. Rent & Rates £63,935 p.a. New lease very possible.
Location
Ideally located in central St Helier
Expansion potential
Entrepreneurial flair will lead to a significant improvement in profitability.
Competition / Market
Two other major motorcycle retailers but unable to stock Honda, the market leader by a distance.
Support & training
Full support offered by Vendors in an orderly hand over.
Reasons for selling
Retirement
Financing available
Available, subject to status, from Barclays International Corporate Banking
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| | Financial details Asking price: £90,000
Sales revenue: £1,046,687
Net profit: < £100k
Furniture / Fixtures value: £12,280
Inventory / Stock value: £57,164 Photos 
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